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jbzoner wrote,

I've scanned back thru the posts, and I can't see anything that goes to my question... I'm 43 and have been investing heavily for a number of years. I was lucky and left a company and rolled my 401k to a brokered IRA account. The magic spreadsheet I created says at my average ROI I'm “done” in 4 years, quicker if I hit the last two-year average ROI. I'm assuming 5% inflation, a reduced ROI on the total of my account after retirement, and a 6% of total withdraw per year. I'm using 100% of my current salary as an income figure, since I'm young. I've checked the math, and it all correct.

My question is, other than the 10% Uncle Sugar penalty on earlier withdraw, am I missing something? While I started early, this seems too easy!


There is much information on the Retire Early Home Page that might assist you, see link:

http://home.earthlink.net/~intercst/reindex.html

There is a study on "safe" withdrawal rates that suggests something along the line of 4% to 5% per year is enough risk for most people.

As TheBadger points out, you can take SEPP withdrawals from your IRA to avoid the 10% penalty. There is a free calculator at the following link that you can use to determine the amount of your IRA withdrawal:

http://www.geocities.com/WallStreet/8257/wdraw59.html

intercst

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